While waiting for the approval of EA, Preliminary Self-Assessment is initiated. It is the most critical step in assessing our readiness to pursue AACSB accreditation. It is a gap analysis of strengths and weaknesses relative to each of the accreditation standards, and Mission and Strategic Management objective. The Self-Assessment is completed in April 2013. However, the release of new AACSB Standards in April 2013, resulted in re-visiting of the Self-Assessment which is completed in August 2013.